Datasonic achieves 31.9 pct year-on-year revenue growth
KUALA LUMPUR: Datasonic Group Bhd (Datasonic) yesterday released its fourth quarter results for the financial year ended March 31, 2017 (4QFY17) posting a revenue of RM92.62 million, representing an increase of 25.1 per cent as compared to the corresponding quarter last year.
The group’s pre-tax profit (PBT) stood at RM18.89 million, marginally lower than 4Q4FY16 as a result of the higher direct costs incurred for new projects undertaken in the current financial quarter.
The group in a statement yesterday said full year revenue amounted to RM318.35 million, an increase of 31.9 per cent against the previous financial year’s revenue of RM241.31 million.
The significant increase in its topline performance was also reflected in the group’s earnings as full year pre-tax profit increased by 10.4 per cent to RM71.87 million as compared to FY16.
“We have invested over RM50 million of high end machineries and aim to produce first class new passport booklets to our valued customers.
We will continue to invest in R&D and human capital to strengthen our competitive edge and to provide excellent solutions and services to customers,” said group chairman General Tan Sri (Dr) Mohamed Hashim Mohd Ali.
“With the newly secured passport chip and booklet contracts, we are confident that FY2018 onwards will be exciting years for the group. We are committed to venture our businesses both locally and overseas for sustainable growth and profitability to create maximum values for shareholders and stakeholders.”
During the year under review, Datasonic was awarded contracts from the Kementerian Dalam Negeri for the supply of the Malaysian Passport documents for a period of 5 years or 13.416 million of Passport Booklets and the supply of the Malaysian MyKad for a period of 3.5 years for 12.0 million MyKad and Consumables for a contract sum of RM223.38 million and RM260.40 million respectively.
In addition, Datasonic also won contracts from KDN to supply an additional 2.8 million units of passport polycarbonate datapage and personalisation services for a contract sum of RM79.72 million and the maintenance services of card personalisation centres at the National Registration Department for a period of two years for a contract sum of RM40.82 million.